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Senator Cynthia Lummis isn’t buying the Federal Reserve’s recent decision to withdraw its crypto guidelines for banks. She believes it’s all for show, a claim she made on X (formerly Twitter). Why Lummis is Skeptical The Senator argues the Fed’s action is superficial for several key reasons: Reputation Risk Remains: The Fed still considers reputation…
Bitcoin exchange-traded funds (ETFs) saw a massive influx of cash last week, according to the crypto analytics firm Lookonchain. Billions in Bitcoin ETFs Lookonchain reported that the top 10 Bitcoin ETFs raked in a staggering $2.78 billion in just seven days. That’s 29,321 Bitcoin! This comes as Bitcoin’s price climbed above $90,000. The firm also…
Fundstrat’s Tom Lee believes the stock market may be turning around, citing four key indicators. He shared his insights in a recent YouTube video. Four Signs Pointing to a Bullish Reversal Lee highlights the following signals suggesting a potential market rally: 1. Zweig Breadth Thrust: This indicator, which tracks the ratio of advancing to declining…
A cryptocurrency analytics firm, Swissblock, is predicting a Bitcoin price surge. They believe Bitcoin is becoming independent of the stock market’s performance. Bitcoin’s Independence Swissblock highlighted Bitcoin’s resilience during a recent stock market downturn. While the stock market fell, Bitcoin held its value, suggesting it’s acting as a safe haven asset, especially amidst trade war…
Bitcoin’s price recently bounced back, briefly touching $95,000, but things have calmed down a bit. Experts are wondering if this is just a temporary pause or the start of something bigger. Let’s dive into some key indicators. The MVRV Ratio: A Crucial Signal? Crypto analyst Burak Kesmeci points to the Bitcoin MVRV (Market Value to…
Bitcoin’s price recently jumped after Easter, and while it’s holding steady above $94,000, some momentum seems to be slowing. Interestingly, a lot of Bitcoin is leaving major exchanges. Let’s dive into the details. Big Bitcoin Withdrawals Crypto analysts have noticed a significant amount of Bitcoin leaving major exchanges like Binance and Coinbase. Binance: A whopping…
Bitcoin’s price has historically followed a predictable pattern: upswings, sideways movement, and downswings. But lately, things are getting interesting. Experts are questioning whether Bitcoin is about to break free from its usual cycle. Is This Cycle Different? Ki Young Ju, founder of CryptoQuant, initially predicted the bull cycle would end in March 2025. He’s now…
Bitcoin is finally shaking off its ties to the US stock market, hinting at some big changes ahead. Analysts are predicting a huge price jump if Bitcoin can hold its current price and keep climbing. A Bullish Outlook? The recent surge above $90,000 – a level that previously acted as a major roadblock – has…
Crypto’s always been a rollercoaster. Bitcoin, then Ethereum, then meme coins – each a huge wave. Now, a new giant wave is brewing: stablecoins. The Stablecoin Tsunami Citigroup predicts the stablecoin market could hit a whopping $1.6 trillion by 2030, maybe even $3.7 trillion! Payment giants like Stripe are already diving in, testing their own…
Ruya, a digital bank in the UAE, is making waves by becoming the first Islamic bank to offer Bitcoin and other crypto investments through its app. This means Muslims can now invest in crypto while adhering to Islamic finance principles (Shari’ah). A Partnership for Halal Crypto Ruya teamed up with Fuze, a digital asset company,…
